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DigiMax Global Inc. ( (TSE:SONI) ) has provided an update.
SonicStrategy Inc. has amended its convertible debenture agreement with Sonic Labs, extending the maturity date from March 10, 2026, to March 10, 2029, and retaining simplified conversion terms tied to a future NASDAQ listing. The move allows SonicStrategy to maintain custody of 126.6 million Sonic tokens, valued at about US$9.75 million at the time of negotiation, giving the company more time and flexibility to navigate volatile digital asset markets while pursuing an uplisting. The unsecured, non-interest-bearing US$40 million debenture remains convertible into common shares at US$4.50 per share, contingent on achieving a NASDAQ listing, with any resulting shares subject to a three-year lock-up and the amendment still requiring CSE approval. Management frames the extension as a strategic step to build momentum in the digital asset treasury market and to continue supporting early-stage projects within the Sonic blockchain ecosystem.
More about DigiMax Global Inc.
SonicStrategy Inc. is a publicly traded infrastructure company focused on the Sonic blockchain, positioning itself as a public-market gateway to the Sonic ecosystem. The firm offers investors compliant exposure to staking infrastructure and decentralized finance (DeFi) strategies across the Sonic network, targeting those seeking regulated access to digital asset yield and blockchain-based treasury opportunities.
Average Trading Volume: 194,209
Technical Sentiment Signal: Sell
Current Market Cap: C$7.69M
For a thorough assessment of SONI stock, go to TipRanks’ Stock Analysis page.